Why bother buying the dips, if all we get is the same miserable tape, every-single-day?
Look at FNM. That stock has been obliterated, alongside almost every other financial related stock.
Running through my list, SOV, BBX, C, RBS, MER, MS, LEH, BSC, BCS, just to name a few, look terrible, while GS presses higher.
Providing the market stays in the tank, there is no way GS can sustain its current valuation. I don’t care how “smart” those fuckers are; the stock will trade lower—eventually.
As for today’s trading:
UN, LMT, PCP, MCD and other defensive stocks continue to press higher, while everything else languishes—preparing for the death blade.
Barring a miraculous reversal, the market is on its way to shed another 1-2%, led down by financials, basic resources and retail—all recessionary signals.
This market is pretty much gay.
Enjoy.
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Not just gay. Starvin’ Marvin Gaye.
http://www.cnbc.com/id/21829883
You do as we say.
It’s only gay if you’re long.
I fortunately, am very very short. Been so all my life.
FLY…we are keeping the powder dry for tuesday after the ops expo hangover….steady hand on tuesday…strong friday afternoon, players jumped the turkey rally, silly boys.
Good job, Sir Douchebag.
Now go fuck a horse.
late rally today … i have made my bets … if I’m wrong, I’ll be travelling with JJ to Romania to meet his sister.
Frosty:
You’re delusional.
We’re getting the shit kicked out of us.
SaNTa, those Chinese are saavy investors huh? Sell the weak dollar and buy the overvalued euro? Isn’t that sell low, buy high? Exactly how does one make money with that strategy?
the Japanese are the absolute worst at top ticking markets … the jury is still out on the Chinese
fly,
GS seems just too perfect. Those guys may be just may be too good to be true. There level 3 assets are what 250% of book value. And with all these record breaking earnings where is the cashflow. Look at their cashflow statement, there debt is going up as well. I don’t know they may have been infected with Enronitis. Stay away, that is one harmful disease.
if GS goes down, the free world goes with it
I feel we’ll bounce today. Since I’ve been overwhelmingly bearish recently, I feel this is significant, at least for me.
Meanwhile, SWC down .47, FSLR up 6. The “JJ fade trade” is working nicely today.
-DT
breaking news – bush repatriating troops back to the homeland to defend stock market
developing ….
GOOG near 50 day… lots of 50s that were tested early last week being tested again…. getting ugly.
We could find support here should some of them hold. But really, why should they?
-DT
FLY we discussed timing the turkey last week…beat it like a baby seal…drop shoes, toss the boots, kick the CROX…just get ready to buy…blood shot eyes clear come tuesday, turkey is just going on sale.
Does anyone have the balls to short GS? I don’t believe their blowout 3Q numbers for one second.
Didn’t the recent FASB regulation change the way they have to account for their Tier 3 assets (which accounted for their blowout quarter)?
GS and its dirty deeds..nothing like throwing the whole market in the deep fryer with that downgrade. made sure they would ruin little johnnie’s turkey day and christmas as mom and dad’s plastic is now toast..maybe Johnny wants an uzi under the tree? hahaha…as it is GS shot itself in the foot – its own stock is down 4 points here. Tell me again about smart money, big boys, yada yada..????
Desperate need of relief rally…ABbie Hoffman in cute little santa hat? Kudlow hohoho-ing some newbie chick on CNBC?
Biggest bull bar none..Forget the krudlow…It’s…
Erin Burnett shopping the ME and running her own bull market sans the Ashley Banfield headgear no less! Maybe she comes back with her own equity play -a nice rich prince…Dubai?..kinda looks like ratpack Palm Springs circa 1954…